Gold’s Breakout Commentators have filled the news recently commenting on the breakout in the price of gold. Gold broke out of its reducing triangle and following the Ernmor trap, started a strong move to higher levels. Expressions on the part of gold bugs led to predictions by many of $2,000 and $2,500 price levels per… Continue reading Silver is Shining, More than Gold
Tag: the price of gold
The Price of Gold Has Broken Out
Gold’s Amazing Run to $1,900 In August 2011, gold broke out to new highs of over $1,900 per ounce. What a ride from November 2008 when gold rose from above $700 to August 2011 with gold at $1,900. Gold remained in an unbroken channel moving ever higher, until near the end of its run, it… Continue reading The Price of Gold Has Broken Out
Stubborn Beliefs That Devastate Portfolios
Stubborn Beliefs That Devastate Portfolios Having heard so many diverse opinions at the NY Hard Asset Show, it occurs to me that there are some supposed “universal truths” held by investors that could affect investments. The issue is that the market over-reacts to expected events, and then over-compensates. Often, by the time investors have positioned… Continue reading Stubborn Beliefs That Devastate Portfolios